The internet of things age continues to thrive, as Smartfrog’s Dublin presence expands on the back of a major funding drive.
One-year-old company Smartfrog is enjoying an upward swing of late, revealing 35 new jobs following a €20m funding drive last month.
Smartfrog is currently recruiting across a range of positions including finance, sales, marketing and support roles. Forbes recently listed the company as one of the top 25 global IoT start-ups and one of the 10 most funded.
It chose Ireland for its high-tech ecosystem, ease of access to the English-speaking markets, and availability of talent.
“Ireland has a great reputation as a location for high-growth companies. To date, we have received considerable support from both the public and private sector. We are very excited to build our international operations here in Dublin by leveraging the deep pool of available talent,” said Charles Fraenkl, CEO of Smartfrog.
Smartfrog’s latest funding round brings the figure raised by the company so far to €28m, achieved with the help of existing investors such as E.ventures, Target Global and a number of unnamed family offices.
Jean-Pierre Wyss, co-founder of industrial IoT chipmaker U-blox, has also come on board as a strategic investor.
Smartfrog has developed a universal IoT platform designed to build dedicated solutions across product areas.
“Smartfrog is the fastest growing IoT company in Europe and fits perfectly into our portfolio,” said Yaron Valler, general partner at Target Global.
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Smartfrog. Image: Dinda Yulianto/Shutterstock
